JPMorgan Chase Partners With EVgo To Install EV Charging Stations

Chase, the U.S. consumer and commercial banking business of JPMorgan Chase & Co JPM, has partnered with EVgo Inc EVGO to install charging stations.
Chase will pilot public fast electric vehicle charging stations across 50 of its U.S. branches beginning in the summer of 2022.
The move will support the firm’s aim to expand on-site solar power to approximately 400 additional branches by the 2022-end.
The charging stations will offer drivers access to 100kW and 350kW chargers that can charge vehicles as much as 80% in 15-45 minutes.
Chase expects to have all stations available for use by the summer of 2023.
Price Action: EVGO shares are trading higher by 3.19% at $12.57 on the last check Thursday.